News

• January 27, 2009

  Bank of Canada's continued focus on inflation right for current economic times: Governor Carney

  Media Relations Halifax, Nova Scotia

  Canadians can be confident that monetary policy will maintain a "relentless" focus on controlling inflation, whether it rises above or drops below the official target range, Bank of Canada Governor Mark Carney said today.

  Content Type(s): Press, Press releases
• January 27, 2009

  Inflation Targeting in a Global Recession

  Remarks Mark Carney Halifax Chamber of Commerce Halifax, Nova Scotia

  These are challenging times, indeed. We are facing a financial crisis without comparison for generations. Most financial markets have experienced historic declines in prices and unprecedented spikes in volatility.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 22, 2009

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.

  Content Type(s): Press, Press releases
• January 22, 2009

  Release of the Monetary Policy Report Update

  Opening statement Mark Carney Ottawa, Ontario

  The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 20, 2009

  Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent.

  Content Type(s): Press, Press releases
• January 8, 2009

  Financial Stability through Sound Risk Management

  Remarks Pierre Duguay Risk Management Association, Toronto Chapter Toronto, Ontario

  The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 17, 2008

  From Hindsight to Foresight

  Remarks Mark Carney Women in Capital Markets Toronto, Ontario

  It has been a difficult year for capital markets professionals. The turmoil has deteriorated into a full-blown financial crisis. Most financial markets have experienced historic falls in prices, and some are strained to the point of closing.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 17, 2008

  Governor Carney discusses key risks to financial system, advocates for macroprudential approach

  Media Relations Toronto, Ontario

  While measures taken to address the global financial crisis will be successful, policy-makers need to improve their ability to detect the next crisis before it occurs, Bank of Canada Governor Mark Carney said today.

  Content Type(s): Press, Press releases
• December 9, 2008

  Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent.

  Content Type(s): Press, Press releases
• November 27, 2008

  Fostering Financial System Stability

  Remarks Pierre Duguay Pictou County Chamber of Commerce Pictou, Nova Scotia

  The Canadian financial system has fared relatively well through this crisis, thanks to effective regulation and prudent practices that have worked like sandbags to protect our financial system from the storms in today's global economy.

  Content Type(s): Press, Speeches and appearances, Remarks